Executive Summary for Accounting

The purpose of this article is to describe the implementation of value stream management and lean accounting at Watlow Electric Manufacturing Company. Value stream management and lean accounting are designed to support lean manufacturing where value is defined from the customer's perspective, work is organized by value stream, supply flow is defined in terms of demand pull, and employees are empowered and focused on quality and continuous improvement. Rather than organizing by functional departments (i.e., the traditional approach associated with responsibility accounting), a company using value stream management develops an organization structure based on value streams, where a value stream includes everything involved in creating value for a customer, e.g., everything associated with a product or product line. Value streams tend to include the work of many functional areas such as product design, production, marketing, sales, distribution, and cash collection. Metrics or measurements are created for each value stream. Some examples used by Watlow Electric include: safety (case incident rate), quality (defects per million), delivery (on-time to promise percentage), cost (sales per full-time equivalent), and inventory (days of inventory). Standard costs, cost allocations, and variance analysis are not used. Instead, only "directly incurred costs" are used for decisions related to the value streams. According to the article there are seven steps for implementation. The first step is to identify the main types of value streams. These include demand creation, new product development, and order fulfillment value streams. The next is identifying measurements for the different levels within the company including enterprise level, individual division/site level, value stream level, and cell level. The frequency of the measurements is different at the various levels. For…...

...Running head: EXECUTIVE SUMMARY
Executive Summary
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Executive Summary
Brief Situation Analysis
In this ever-growing field of medical services, many providers become overburdened with the tedious tasks and administrative duties involved in the filing and processing of medical claims and payments. Our vision is to be a Medical Billing Service Company that provides excellent quality management and administrative services to medical providers for their Medical Billing and Coding, maintaining of patient accounts, Medical Payments from Insurance Providers and patients, in addition to the follow up on minimum rejections from Insurance Providers. Our mission is to provide these services to alleviate the office staff of these tedious duties and in turn allow them to maximize their income or bottom line, while remaining compliant with all rules and regulations.
In addition, we provide consultations and classes to the individual Medical Providers with regards to Medical Coding and Compliance with the various Insurance Providers. We also offer a very aggressive Collection Specialist to minimize the many bad debts and write-off accounts to maximize revenues.
Strategies
Our corporation believes that out-sourcing the tedious tasks involved in the filing and processing of claims and payments is a smart move for a medical practice. Instead of in-house processing, which takes up a lot of time and effort on the part of......

...Krispy Kreme Executive Summary
Upon looking at the income statements and balance sheets for Krispy Kreme, one may notice the rapid increase in the “provision for income taxes discontinued operations” category. It grew from $3.6 million in 2000 to $37.6 in 2004. This indicated that the company is making poor decisions in their company’s expansion. Clearly, between these two periods, Krispy Kreme’s new businesses aren’t operating correctly, or they were bad ideas to begin with. Also, in the balance sheet, various accounts in the total current assets category show a great amount of investment between 2000 and 2004. However, looking at the drastic increase in the “reacquired franchise rights, goodwill, other intangibles” account would indicate that the aggressiveness of investing and creating assets are not working out in Krispy Kreme’s favor. As the amount of current assets increases, the reacquired franchises account increases, indicating bad investment. Since these accounts discussed are all asset accounts, it bloats and disguises the equity value of the company. Overall, I would say at the end of 2004, Krispy Kreme does not appear to be financially healthy and they are fooling themselves in not assessing these issues.
Financial ratios can help one better understand further meaning of financial statements. Someone may not be able to see what the numbers mean, but something like a rate of return on assets calculation or asset turnover ratio will help explain. In Exhibit 7,......

...Executive Summary
When you think of the discount retail industry there is no bigger name than Wal-Mart. Wal-Mart has built them into the industry leader in a very competitive market, and they continue to set the bar for every company. But as of late Wal-Mart’s sales growth rate has been slipping, which is causing a major problem for them. For the past few years Wal-Mart has grown accustom to double digit sales growth rates, but recently they have been unable to match their previous success. Now Wal-Mart is faced with the challenge of regaining the success that they once had.
In order to recapture these high growth rates it is important to understand what lead Wal-Mart to these high growth rates in the first place. When analyzing Wal-Mart externally you find that its 5 forces tend to have a positive effect on the company. The company has high barriers of entry, a moderate threat of rivalry with Target and Kmart due to its expansion of super centers, and it’s......
Business strategy
Business Strategy Analysis of Wal-Mart
Sam Walton, a leader with an innovative vision, started his own company and made it into the leader in discount retailing that it is today. Through his savvy, and sometimes unusual, business practices, he and his associates led the company forward for thirty years. Today, four years after his death, the company is still growing steadily. Wal-Mart executives continue to rely on many of the traditional goals and philosophies that Sam's legacy left......

...Executive Summaries are much like any other summary in that their main goal is to provide a condensed version of the content of a longer report.
Definition of Executive Summary
The executive summary is usually no longer than 10% of the original document. It can be anywhere from 1-10 pages long, depending on the report's length. Executive summaries are written literally for an executive who most likely DOES NOT have the time to read the original.
• Executive summaries make a recommendation
• Accuracy is essential because decisions will be made based on your summary by people who have not read the original
• Executive summaries frequently summarize more than one document
Types of Summaries
Summaries written in order to recommend a specific course of action are executive summaries.
Summaries that highlight the major points of a long piece are called abstracts. The purpose of an abstract is to allow readers to decide whether or not they want to read the longer text.
View our Writing Guide about Abstracts
Standard summary only refers to a summary of someone else's published work and is written for a variety of purposes.
View our Writing Guide about Standard Summaries
Processes for Writing an Executive Summary
Executive summaries are typically written for longer reports. They should not be written until after your report is finished. Before writing your summary, try:
• Summarizing the major sections of your report. You might even copy text from your report into...

...The executive summary is often considered the most important section of a business plan. This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful. If you are seeking financing, the executive summary is also your first opportunity to grab a potential investor’s interest.
The executive summary should highlight the strengths of your overall plan and therefore be the last section you write. However, it usually appears first in your business plan document.
What to Include in Your Executive Summary
Below are several key points that your executive summary should include based on the stage of your business.
If You Are an Established Business
If you are an established business, be sure to include the following information:
• The Mission Statement – This explains what your business is all about. It should be between several sentences and a paragraph.
• Company Information – Include a short statement that covers when your business was formed, the names of the founders and their roles, your number of employees, and your business location(s).
• Growth Highlights – Include examples of company growth, such as financial or market highlights (for example, “XYZ Firm increased profit margins and market share year-over-year since its foundation). Graphs and charts can be helpful in this section.
• Your Products/Services -- Briefly describe the products or services you provide.
• Financial......

...EXECUTIVE SUMMARY
Executive Summary stated the problem analyzed in the feasibility study and the company objectives supported by the study. This also includes the expected cost and benefits, anticipated risk that the company may encounter and the scope and limitations of the study.
Statement of the Problem
Each aspect would have several problems to determine the feasibility of the study. For Marketing aspect, the problem would be the form of strategies to be used to execute the feasibility study. The problem for technical aspect, would be the steps in production, operation and purchasing process. For management aspect, is how the company personnel deal with their task. The cost and projected sales of the product would be the problem for financial aspect, and the environmental implications of the study for socio-economic aspect.
Objectives of the Study
The main objective of the study is to solve the several problem of each aspect: To identify the strategies applicable in execution of the feasibility study. To determine the steps in production, operation and purchasing process. To determine how the company personnel deal with their task effectively. To know the cost and projected sales of the product and to site environmental implications of the study.
Expected Cost and Benefits
The business capital is Php 10,000.00, where the proponents assumed that this capital will be easily return in just a short period of time through good cash management. Through this proposed......

...Memorandum
To: Professor H.
From: V Feliciano
Date: 11/27/2014
Subject: Executive Summary- “Teaching Smart People How to Learn” by Chris Argyris, Harvard Review
The purpose of this summary is to explore the importance of learning in the corporate world. Much of the business success largely depends on learning; however, this resource tool has shown to be problematic for some. High commitment workers need to consider their behavior critically, identify possible ways they unintentionally contribute to the organization problems, and learn how they can solve these issues.
Looping: A Defense Mechanism?
In order to understand the learning process, such terms as “single loop” and “double loop” were created to understand the differences between the two. Most highly–skilled professionals are very experienced in “single loop” learning. The reason stems from the fact they have spent most of their lives obtaining academic success, mastering one or a few knowledgeable disciplines, and applying those disciplines to answer real life problems. Whereas “double loop” learning explores other opportunities to resolve a problem with a shared perspective all while leaving bias thoughts and opinions out of the equation. These facts alone help explain why workers are horrible at double-loop learning. Because many workers are almost always successful, they rarely experience disappointment. Therefore they act defensive, disregard criticism, and place the blame on others but......

...Executive Summary
MGT/307
January 18, 2011
Monica Neloms
Executive Summary
During Team As discussion First Tennessee Bank, Hunter Fan Company, Federal Express and Parsam Technologies are the companies discussed. Points of discussion were the companies’ organizational mission, fiscal policies, competition, economy, customer demands, restructuring and globalization.
Restructuring
Upon discussion, Team A found that First Tennessee Bank was restructured in 1987. This was said to have been done to allow its sixteen regions to have more authority. This would allow each bank to better serve its specific communities and the customers. Team A also found that the restructuring of this organization proved to create a positive effect on First Tennessee. Today, this bank is known as one of the fifty largest bank holding companies in the United States. Similar was the restructuring of Parsam Technologies. Parsam Technologies was acquired by Harland Financial Solutions in December 2010. This acquisition will allow Parsam Technologies to become part of a large corporation and still be a leader in the industry. Hunter Fan Company has closed many of the company’s locations throughout the United States. This restructuring has allowed the company to cut operational cost and bring all areas of the business into the company’s head quarters. Hunter Fan plans to continue in the area of restructuring evaluation the positions within the corporate office and making......

...Georgia, and China. The research and development is currently housed at the corporate headquarters in San Jose California. The company employs 550 personnel worldwide. Riordan Manufacturing has reported earnings of $46 million.
Riordan Manufacturing makes products from plastic injection molding. The company produces and provides the following products: plastic bottles, fans of all sizes, heart valves, medical stents, and custom plastic parts. Presently, our plastic bottles and fans are in the maturity stage. They compete primarily based on the changing economic conditions. Riordan’s future plans include developing the next generation of heart valves, medical stents, and complementary medical devices.
The purpose of this executive summary is to highlight and propose changes to the uncoordinated and redundant operations from all manufacturing and testing facilities owned and operated by Riordan Manufacturing. We propose integrating all facilities with Windows based ERP manufacturing software, specifically Solarsoft, which is operated off of IBM System x3850 X5 with MAX5. Buying Cognos software from IBM will help to make all reports look uniform. This will also save time since Cognos pulls data from AS400. We also propose the introduction of barcodes on all inventories. All material will have traceability from the time it enters a company until the time shipment is made to the customer.
We currently have the edge in the market due being located in several......

...An executive summary summarizes, or reviews the main points of, a longer document or report for a reader that does not have time to read the entire report. An effective executive summary analyzes and summarizes the most important points in the paper or report, and will often make a recommendation based on the analysis. Executive summaries are “stand alone” documents that are almost always read independently of the reports they summarize.
When preparing to write an executive summary, ask yourself the following questions:
* Who will read your executive summary? Sometimes your executive summary may have an “intended” audience: your professor might require you to write it for a CEO, department head, or supervisor, for example. On other assignments, your audience won’t have a specific identity, but always keep in mind that the reader of an executive summary needs to know all of the important information in the main document without reading the actual document. Even if you know that your instructor will be reading everything that you submit, write the executive summary as a “stand alone” document.
* What is the main document’s main topic, theme, or idea? Most reports have a “thesis” or central point that they are seeking to communicate. Try to sum this up in two or three sentences. If you are having trouble with this, imagine that someone has asked you, “what’s this report about?” and that you have to explain it in only a few sentences. Once you’re able to say what the......

...Executive Summary
Jessica Bastien, Donna Firanski, Fred Hansen, and
Jeannine Helmig
October 2, 2011
ACC 423
Timothy Malloris
How are deferred tax assets and deferred tax liabilities derived?
To understand what a deferred tax assets and deferred tax liabilities are let us take a look at what the word deferred means. In accounting terms deferred means to that there are assets or liabilities that a company does not realize until a future date.
Deferred tax assets are on the company’s balance sheet is used to reduce any future income tax expenses. Deferred tax assets can be from a net loss that is carried over by the company into the next year as assets. An example of a deferred tax assets would be that on the balance sheet the company may have $50,000 and earn $150,000 before tax accounting income the company would apply $100,000 in accounting tax expense ($150,000 - $50,000).
With deferred tax liabilities these are future tax liabilities from a situation where taxable income can cause future financial accounting to be greater and thus will create a temporary difference between the taxable income and financial accounting. An example would be if a company has an item that is on the books for $20,000 but the taxable written down amount is for $15,000. There is now a temporary difference between the two of $5,000. So now say that the company tax rate is 30% so the company would multiply the difference of $5,000 by the tax rate of 30% which would be $1,500 in......

...Executive Summary for Dave & Buster’s, Inc.
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MISM 3310-01
March 3, 2011
Dave & Buster’s, Inc. utilizes various systems for its day-to-day functions. Because the technology in the organization must support restaurants, warehouses, and the corporate office, several systems must be integrated to work together to support all the activities of the organization. Dave & Buster’s restaurants, known as stores, require detailed point-of-sale, or POS systems, labor systems, and inventory systems designed for restaurant use. Warehouses require inventory systems, which also tie into the financial system. The corporate office requires a financial package that supports approximately $521 million in revenue per year and inventories of approximately $13.8 million per year, based on 2009 annual reporting (“Dave & Buster’s”). As well, the corporation must also utilize a powerful human resources and payroll system that is capable of supporting approximately 8,000 employees in the United States and Canada. Each of these systems and various other in-house developed applications are supported by a host of servers, switches and other hardware that must all work together to provide optimal support to keep the stores functioning. All of these systems allow Dave & Buster’s to provide the best service to its guests while also providing in-depth reporting to its management and executive management.
To begin with, a SWOT analysis was conducted to analyze Dave & Busters’ strengths,......

...Macy’s:
Executive Summary
Macy’s, Inc.
Macy’s, Inc. is known as the one of the leading retail corporations worldwide. It offers its customers a wide range of products including clothing, footwear, jewelry, beauty products, and even home décor. Macy’s has opened more than 800 stores across the U.S. and reported fiscal year (FY) 2009 sales of $23.5 billion. Although Macy’s is a prominent retailer today, their success had to start somewhere. In this summary we will take a glance at Macy’s history as well as their prior and current financial information.
Brief History of Macy’s, Inc.
Before Macy’s, Inc became a household name Rowland H. Macy, the founder of Macy’s Inc., started a dry-goods store in 1851 in Haverhill, Massachusetts where he made $11.06 on its first day. Since then, R.H. went through his share of retail failures and various store relocations. It was not until 1877, when R.H. Macy & Co. started accumulating its high sales, that it made its mark as a retail giant. For example, Macy’s made business history when they were the first to promote a woman in an executive position. Macy’s was also the first to hire an in-store Santa Claus.
In 1924, upon the completion of the new 7th Avenue addition, Macy’s Herald Square became known as the “World’s Largest Store” with more than one million square feet (Macy’s, Inc., 2010). In addition, the company also produces their annual Macy’s Thanksgiving Day Parade and Fourth of July fireworks display that fills the hearts...

...Executive Summary 1
Stand: Moderate
- There was a clear structure: problem, purpose of the report, brief details of approach, important results and findings before ending of with a conclusion. Identifying these points is important as they form up the basics of what is expected from a reader. It was of an appropriate length for easy reading and comprehension. On the other hand, the executive summary was a little too descriptive on how the ‘Easy Tap’ works. It is true that more description is not bad, as it will explain more about the purpose and providing solutions to the problem. However, a strong summary of the description is preferred as it could well capture the essence of what the author is trying to explain, before further description and explanation is done in the business plan.
Executive Summary 2
Stand: Bad
- The overall paragraph appears to be more like an advert rather than an executive summary. The words used were informal and there was subjective description. There was no solution and proper findings to prove what this whole executive summary was talking about. For example, if it is trying to promote ‘The Sleepsuit’, the name should already be mentioned earlier in the paragraph, instead of the last sentence which caught us off-guard. This executive summary fails to impress future investors or readers that the business plan is suitable or appropriate.
Executive Summary 3
Stand: Good
- The first read gave us a good understanding of what the executive......